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masha68 [24]
3 years ago
11

Liam wants to save $6,265 to purchase a car. if $4,000 is deposited into an account at 7.5% interest, compounded monthly, how ma

ny years will liam have to save until he has enough to purchase the car?
Mathematics
1 answer:
timurjin [86]3 years ago
5 0
To solve for time taken we use the compound formula:
A=P(1+r/100*n)^(n*t)
where:
A=future value
P=principle
r=rate
t=time
n=number of terms

6265=4000(1+7.5/(12*100))^(12t)
solving for t we get
1.56625=1.00625^12t
12t=72.0136
t=6.00 years
Answer: 6 years
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1) when the day the person moves in , t=0 and T(0)= 120 termites

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4) after 8 days of moving in , t=8, there were T(8) = 120*e^(0.14*8)=367.78≈ 368 termites . The number of spiders is 0.25 times the number of termites → S(8) = T(8) * 1 spider/ 4 termites =91.94 spiders   ≈ 92 spiders

from

S(t)= c*e^(d*t) → d = ln [S (tb)/S (ta) ] / (tb-ta)

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